Forum Archive Index - May 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

Adam
Possible resistance around 80c or  87c.
Several indicators currently into overbought territory. IMO it will shortly
retrace. Once that happens we can look at the longer term evaluation.
Well spotted  - you have had a good Fun run.
Andrew

----- Original Message -----
From: Adam Rands <adamlist@iguana2.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, May 30, 2002 12:57 PM
Subject: Re: [sharechat] ASX:FUN and Spiderman


I hope some of you got on board ASX:FUN

23% rise over the last 2 weeks.. Now at an all time high

I took some profits and sold half my holding today. Still bullish on the
company tho.

Market depth still looks very strong.

I would be interested in a longer term technical view. - Andrew, Phaedrus??

Cheers

Adam



At 08:43 PM 11/05/2002, Adam wrote:
>Take a look at Funtastic (ASX:FUN) currently trading at 64cents
>
>With the Spiderman movie been a box office surprise it will be
>interesting to see what affect this will have on the Funtastic
>shareprice.
>
>Fantastic have the exclusive rights (still trying to find out what this
>actually means) to distribute "Spiderman Toys" to the Australian
>market.
>
>See the announcement they made to the ASX on Friday
>
>http://stocknessmonster.com/news-item?S=FUN&E=ASX&N=190157
>
>I am sure Funtatsic were not anticipating the huge success of the film
>(no one was) and as such were not predicting Spiderman to be a major
>contributor to their bottom line. Given that they are a small cap (Mkt
>cap $AU34mil) the success of the film and the spinoff merchandise could
>make a significant impact.
>
>Disregarding Spiderman, Funtastic is a great little company and worth
>looking into more. It has small but solid revenue streams, proven
>management, acceptable dividends, ridiculously low PE etc. Liquidity is
>not too much of a problem either.
>
>Using my charting 101 skills Funtastic looks to the in an upward trend
>and have reasonably support around 58cents. There seems to be some
>resistance around 62cents however this was broken on Friday.. Maybe
>Phaedrus and Andrew would care to comment?
>
>Here is an interesting supporting article in today's SMH
>
>http://www.smh.com.au/articles/2002/05/10/1021002390496.html
>
>The Funtatsic Annual report is also a "Fun" read. The whole annual
>report is presented as a Spiderman comic". If there were awards for
>most innovative annual report Funtatasic latest would rate highly. ­ It
>can be found here. http://www.funtastic.com.au
>
>Interested in others views.
>
>I'm now off to buy myself a "Web Shooter". It shoots "Web Fluid" over
>180m!
>
>
>Cheers
>
>Adam
>
>Disc ­ I hold a few.
>
>
>
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